Cedar Falls, IA Multifamily Properties for Sale

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Updated: Jul 21

Up-Down Duplex Income Property

721 Olive St, Cedar Falls, IA 50613

$165,000

1,392 sqft

Up‑down duplex with two one‑bedroom, one‑bath units
Main‑floor unit offers 1 bed and 1 bath
Upstairs unit offers 1 bed and 1 bath
Fully occupied duplex
Built in 1920

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721 Olive St, Cedar Falls, IA 50613

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Est. Cap Rate

7.7%
Above avg (5.9%)
Est. NOI

$13K
Annual
Price @ 7% Cap

$182K
Above asking
Property Type

Duplex
Built 1920

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Updated: May 19

Duplex with Assigned Parking

526 W 8th Street, Cedar Falls, IA 50613

$179,900

0.20 AC lot

Duplex on a 0.2‑acre lot
Zoned R‑2
Both units currently occupied
Fully split utilities for both units
Central air plus vinyl siding and asphalt roof

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Three-Unit Multifamily Property

2508 Olive Street, Cedar Falls, IA 50613

$235,000

0.20 AC lot

Fully leased apartments with included appliances, off-street parking, and alley access.

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Four-Unit Quadplex with Parking

2504 Olive Street, Cedar Falls, IA 50613

$235,000

0.20 AC lot

Fully occupied residential income property with separate apartments, included appliances, and public utilities except internet.

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Six-Unit College Rental Apartment Building

810 W 25th St, Cedar Falls, IA 50613

$419,000

4,906 sqft

Six-unit rental building with unit sizes ranging from one-bedroom to four-bedroom layouts, built in 1920.

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Quadplex with 2024 Siding Updates

706 W 12th Street, Cedar Falls, IA 50613

$270,000

0.24 AC lot

R-M zoned quadplex on a 0.24-acre lot with forced-air natural gas heat, window A/C, public water and sewer.

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Seven-Unit Apartment Building

2416 Olive Street, Cedar Falls, IA 50613

$410,000

0.15 AC lot

Unit mix includes studios and one- to four-bedroom apartments with on-site laundry and alley-accessible parking.

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Quadplex Near UNI Campus

2503 Olive Street, Cedar Falls, IA 50613

$265,900

0.13 AC lot

Four-unit residential property with updated interiors, shared coin-operated laundry, and walkable access to campus amenities.

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Four-Unit Residential Income Property

2503 Olive St, Cedar Falls, IA 50613

$265,900

3,298 sqft

Four well-maintained units include dishwashers, stoves, and refrigerators, plus on-site coin-operated laundry.

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Six-Unit Apartment Building

2115 Walnut Street, Cedar Falls, IA 50613

$419,000

0.30 AC lot

R-M-zoned property with basement laundry facilities and concrete parking accessed from the alley.

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8-Unit Apartment Building

2221 Olive Street, Cedar Falls, IA 50613

$419,000

0.15 AC lot

R-M-zoned residential property near campus with a mix of one-bedroom and efficiency apartments.

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Four-Plex with 1-Bed Units

706 W 12th St, Cedar Falls, IA 50613

$270,000

2,071 sqft

Three of four units are leased with the fourth starting in May; owner covers gas, water, lawn care, and snow removal.

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Six-Unit Apartment Building

810 W 25th Street, Cedar Falls, IA 50613

$419,000

0.13 AC lot

Apartment property with vinyl siding, asphalt roofing, public utilities, and on-street parking.

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Occupied Two-Unit Duplex

721 Olive Street, Cedar Falls, IA 50613

$165,000

0.10 AC lot

Up-and-down residential layout with one bedroom and one bathroom in each unit, plus public utilities and on-street parking.

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Duplex with Basement Laundry

524 W 6th Street, Cedar Falls, IA 50613

$164,900

0.10 AC lot

R-2-zoned property with distinct upper and lower residences near Main St. in Cedar Falls.

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Duplex with 2-Stall Garage

1622 Franklin Street, Cedar Falls, IA 50613

$149,900

0.20 AC lot

Two-unit property with separate living spaces, shared coin laundry, and a fenced yard in Cedar Falls.

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19-Unit Apartment Building with Covered Garage

2609 Olive Street, Cedar Falls, IA 50613

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36,220 sqft

Masonry construction includes in-unit laundry and separately metered utilities.

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10-Bedroom Apartment Building

Cedar Falls, IA 50613

$495,000

0.20 AC lot

R-3-zoned apartment property with public water and sewer, central air, and natural-gas heating.

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Occupied Duplex with Off-Street Parking

526 W 8th St, Cedar Falls, IA 50613

$179,900

1,190 sqft

Two-unit property with split utilities, five off-street parking spaces, and convenient access to UNI, shopping, dining, and entertainment.

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Updated Four-Unit Residential Income

2007 College St, Cedar Falls, IA 50613

$319,000

2,880 sqft

Four updated units feature stainless appliances, new flooring, fresh paint, and exterior improvements including a new roof.

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Duplex with Vacant Upstairs Unit

1622 Franklin St, Cedar Falls, IA 50613

$149,900

2,408 sqft

Duplex includes a tenant-occupied main unit and a vacant upstairs unit, both served by shared coin laundry.

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Remodeled Fourplex Near University of Iowa

2007 College St, Cedar Falls, IA 50613

$319,000

967 sqft

Fourplex with modern updates near the University of Iowa.

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5-Unit Apartment Building

2222 Walnut Street, Cedar Falls, IA 50613

$499,900

Leased apartment property with paved parking and on-site coin-operated laundry.

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Historic Loft and Townhome Community

1403 State Street, Cedar Falls, IA 50613

Contact for pricing

A converted church and newer townhome-style apartments offer studio and 3-bed configurations in Cedar Falls.

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Cedar Falls, IA Multifamily Properties Market Trends and Statistics

Explore 39 multifamily properties for sale in Cedar Falls, IA, showcased through 34 active listings on our real estate platform. These investment opportunities span a total of 55,332 square feet of properties for sale, with an estimated market value of $6,415,200.

Sale prices for multifamily properties in Cedar Falls, IA start at $149,900, averaging $291,600, and reaching up to $499,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 44K

Population Growth (5Y) -1.1%

Median Household Income $75,642

College Educated 34.6%

High-Yield Neighborhoods for Investment

Identify Cedar Falls submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
50613	$286.9K

Taxes & Financing

Tax Rate (average for all types) 2.73%

Property Tax per SF $28.35 per SF

Tax Rate vs County Average 0.36 pp below county avg

Average Loan-to-Value 65.0%

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